Alico (ALCO) Scheduled to Post Earnings on Monday

Alico (NASDAQ:ALCOGet Rating) will issue its quarterly earnings data after the market closes on Monday, May 9th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Alico (NASDAQ:ALCOGet Rating) last posted its quarterly earnings data on Thursday, February 3rd. The company reported ($0.24) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.05. Alico had a net margin of 37.35% and a return on equity of 1.83%. The company had revenue of $15.34 million during the quarter, compared to the consensus estimate of $13.00 million. During the same quarter in the prior year, the company posted ($0.24) EPS. On average, analysts expect Alico to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ALCO opened at $39.67 on Monday. Alico has a 1 year low of $29.86 and a 1 year high of $43.65. The company’s 50 day simple moving average is $36.46 and its 200 day simple moving average is $35.93. The stock has a market capitalization of $299.31 million, a PE ratio of 7.25 and a beta of 0.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 3.69.

The business also recently declared a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Friday, March 25th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.04%. The ex-dividend date was Thursday, March 24th. Alico’s dividend payout ratio (DPR) is 36.56%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its holdings in Alico by 383.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 992 shares of the company’s stock valued at $37,000 after buying an additional 787 shares during the period. Barclays PLC raised its stake in shares of Alico by 198.7% in the 4th quarter. Barclays PLC now owns 4,487 shares of the company’s stock valued at $166,000 after acquiring an additional 2,985 shares during the period. Morgan Stanley lifted its holdings in shares of Alico by 33.9% during the 2nd quarter. Morgan Stanley now owns 6,977 shares of the company’s stock valued at $249,000 after acquiring an additional 1,765 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Alico during the 4th quarter worth $250,000. Finally, Stifel Financial Corp acquired a new stake in Alico in the 4th quarter valued at $280,000. 47.65% of the stock is owned by hedge funds and other institutional investors.

ALCO has been the subject of several research reports. StockNews.com initiated coverage on shares of Alico in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research cut Alico from a “hold” rating to a “sell” rating in a report on Thursday, March 10th.

About Alico (Get Rating)

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment cultivates citrus trees to produce citrus for delivery to the processed and fresh citrus markets.

See Also

Earnings History for Alico (NASDAQ:ALCO)

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